ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Where is money made?
A
United state’s
B
New York
C
Money mint
D
The us treasury
Explanation: 

Detailed explanation-1: -Coins are minted at the four India Government Mints at Mumbai, Alipore(Kolkata), Saifabad(Hyderabad), Cherlapally (Hyderabad) and NOIDA (UP). The coins are issued for circulation only through the Reserve Bank in terms of the RBI Act.

Detailed explanation-2: -The U.S. Mint makes the nation’s circulating coins, as well as bullion and numismatic (collector) coins. The Mint’s four production facilities in Philadelphia, Denver, San Francisco, and West Point use a variety of machines and processes. Explore the steps of how the Mint makes coins.

Detailed explanation-3: -A mint is a primary producer of a country’s coin currency, and it has the consent of the government to manufacture coins to be used as legal tender.

Detailed explanation-4: -The Mint makes half dollars and dollars for collecting, but you can still spend them.

Detailed explanation-5: -The origin of the word “mint” is ascribed to the manufacture of silver coin at Rome in 269 BC at the temple of Juno Moneta. This goddess became the personification of money, and her name was applied both to money and to its place of manufacture.

There is 1 question to complete.